Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$196,915$196,915$409,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$212,585$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.610%7.640%
1st payment$1,179.60$1,179.60$2,835.30
2nd payment$0.00$1,372.95$0.00
Taxes / mo$379.33$379.33$379.33
Insurance / mo$166.67$166.67$166.67
MI / mo$164.33$164.33$81.90
HOA / mo$34.33$34.33$34.33
Total monthly$1,924.25$3,297.20$3,497.53
Cash to close$258,085$45,500$45,500